BC Residents Will Be Charged An Extra 7% On Coins April 1 - Page 2

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Author	Replies: 21 / Views: 5,457	Page: of 2

dialog_gvf Pillar of the Community Canada 1581 Posts	Posted 03/30/2013 2:18 pm Quote: Pure silver, gold platinum coins are PST applicable GST exempt. Bullion coins are tax free. How are bullion and NCLT distinguishable from a tax point of view? Report this Post to the Staff
MJT Valued Member Canada 196 Posts	Posted 03/30/2013 2:19 pm when you are selling a pure silver coin for more than the value of the silver content. Report this Post to the Staff
TheOne Valued Member Canada 192 Posts	Posted 03/30/2013 4:27 pm Hey what about my orders placed before the 1st but only get chared when they ship? Report this Post to the Staff
dialog_gvf Pillar of the Community Canada 1581 Posts	Posted 03/30/2013 4:36 pm But, bullion coins are frequently sold with some premium. Regular SML? Wildlife SML (small premium)? 1.5 oz polar bear SML (big premium)? All bullion. Report this Post to the Staff
lho New Member Canada 2 Posts	Posted 03/31/2013 01:54 am Quote: The bird coin will still be 12%. Pure silver, gold platinum coins are PST applicable GST exempt. Bullion coins are tax free. Sounds about right - my bullion dealer confirmed they won't be charging tax on SMLs. Mint boutique will start charging PST on the $20 for $20 silver coins. So I guess a silver product (no matter what %) that is a fixed price will be taxed but bullion that doesn't have a fixed price won't be? Report this Post to the Staff
MoneyPenney Pillar of the Community Canada 2984 Posts	Posted 03/31/2013 02:27 am Quote: Sounds about right - my bullion dealer confirmed they won't be charging tax on SMLs. Mint boutique will start charging PST on the $20 for $20 silver coins. So I guess a silver product (no matter what %) that is a fixed price will be taxed but bullion that doesn't have a fixed price won't be? That is what I have been saying , the Mint will charge PST on the $20 for $20. But no one else besides you believe me. Everyone keep giving that quote from the Mint site saying there is no PST on those coins. Report this Post to the Staff
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